Average Bill and Account Collectors Salary in Pennsylvania
In Pennsylvania, Bill and Account Collectors earn an average annual salary of $47,350. This figure is marginally lower than the national average of $48,000, suggesting that while the role is present, local economic factors or industry concentration may influence compensation levels. The state's specific market dynamics play a crucial role in shaping the earning potential for these professionals.
Executive Summary
- Average Salary: $47,350 per year.
- Growth Trend: Salaries have shifted 17.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,420.
- Outlook: Pennsylvania's market for Bill and Account Collectors appears stable, with a total local workforce of 6,290 individuals in this role. The Location Quotient of 0.98 indicates a concentration very close to the national average, meaning the demand for these professionals is neither exceptionally high nor low relative to other occupations within the state. This suggests a consistent, albeit not rapidly expanding, job market for bill and account collectors.
Salary Overview
The average Bill and Account Collectors in Pennsylvania earns-1.4%below the national average.
$22.8
$911
$3,946
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Bill and Account Collectors in Pennsylvania have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical for roles that require specialized skills in financial management and client communication, with potential for increases tied to performance and experience.
Bill and Account Collectors Salary Distribution in Pennsylvania
Career progression for Bill and Account Collectors in Pennsylvania typically involves a salary increase from entry-level positions to senior roles. While exact figures vary, experienced collectors often command higher salaries due to their proven ability to manage complex accounts, negotiate effectively, and reduce delinquency rates. The difference in earnings between junior and senior collectors signifies the value placed on accumulated expertise and successful track records.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,880 | $16.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,513 | $17.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,190 | $21.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $59,188 | $28.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,420 | $30.5 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$47,350
Gross Pay
Real Wage (Purchasing Power)
$47,828
Adjusted for COL (99)
The average annual salary of $47,350 in Pennsylvania for Bill and Account Collectors aligns closely with the state's Cost of Living Index of 99. This means that the purchasing power of this salary is nearly equivalent to the national average, suggesting that the nominal income translates well into real economic terms within the state. Relocating to Pennsylvania for this role offers a stable financial outlook without significant cost-of-living adjustments.
Job Market Context
6,290
Total Jobs
1.046
Per 1K Jobs
0.98
Location Quotient
Pennsylvania has 0.98x the national average concentration of Bill and Account Collectors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.98, Pennsylvania's job market for Bill and Account Collectors is remarkably aligned with the national average. This suggests a balanced supply and demand dynamic, where the number of collectors is proportionate to the overall workforce compared to the rest of the country. The market is neither oversaturated nor experiencing a significant shortage, indicating a steady environment for those seeking or maintaining employment in this field.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Williamsport, PA Bill and Account Collectors Salary | $48,810↑ 3% | 9 mi |
| Harrisburg-Carlisle, PA Bill and Account Collectors Salary | $46,630↓ 2% | 66 mi |
Comparing salaries near Pennsylvania
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Pennsylvania?
The median annual salary for a Bill and Account Collectors in Pennsylvania is $47,350. This typically ranges from $33,880 for entry-level positions to $63,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Pennsylvania is 1.4% lower than the national median of $48,000.
Is Pennsylvania a lucrative place for Bill and Account Collectorss?
No, not significantly more lucrative than the national average.Pennsylvania offers a salary of $47,350, which is slightly below the national average of $48,000, but the cost of living is also at the national average (99). This means the earning potential is comparable to the rest of the country.
Is Pennsylvania a good place to live for Bill and Account Collectors?
With a Cost of Living Index of 99 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Pennsylvania?
Some top paying nearby cities include Williamsport, PA ($48,810) and Harrisburg-Carlisle, PA.
How does the number of Bill and Account Collectors in Pennsylvania compare nationally?
Pennsylvania has approximately 1.046 jobs per 1,000 workers in this field, which is very close to the national average, indicating a similar level of employment concentration.
What is the impact of experience on a Bill and Account Collector's salary in Pennsylvania?
As with most professions, experience significantly boosts earning potential. Entry-level collectors will earn less than seasoned professionals who possess advanced negotiation skills and a proven track record of debt recovery.
Is the cost of living in Pennsylvania high for Bill and Account Collectors?
No, the cost of living in Pennsylvania is at the national average of 100, meaning that the $47,350 salary provides a purchasing power that is consistent with the national standard.
What does a Location Quotient of 0.98 mean for Bill and Account Collectors in Pennsylvania?
A Location Quotient of 0.98 signifies that the concentration of Bill and Account Collectors in Pennsylvania is nearly identical to the national average, suggesting a stable and predictable job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,290 employees in the Pennsylvania area with a job density of 1.046 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Pennsylvania